USA Swimming

What it reported doing in 2024

Events: In 2024, USA Swimming hosted multiple major events across many levels of the sport, highlighted by the record-setting 2024 U.S. Olympic Team Trials - Swimming in Indianapolis, IN. Other championship-level events that featured TV and/or live webcast included the Speedo Summer Championships held in Irvine, CA, in August, the Toyota U.S. Open Championships held in Greensboro, NC, in December, three TYR Pro Swim Series events, Open Water National and Junior Championships, two Speedo Junior National Championships, five Futures Championships, and 22 Speedo Sectional Championships. USA Swimming also provided support for other championship events including the Club Excellence Challenge Series and Senior, Age Group, and Open Water Zone Championships. LIne 4d, program service ------------------------ Risk Management: As a benefit of membership, USA Swimming provides members and volunteers with participant accident insurance. Member clubs and individual members are also provided commercial general liability insurance to cover third party injury and property damage claims at swimming activities and allow clubs to use facilities that require proof of third-party liability insurance coverage. Elite Athlete Health Insurance and Sports Injury Coordination of Benefits are provided to national team athletes that elect to participate in the program. Domestic and International Travel Accident Insurance is provided to athletes, coaches, and support personnel who travel to competitions. Foreign Commercial Liability Insurance Coverages are also provided to teams, staff, and volunteers who travel on behalf of the USA Swimming national teams. Medical Professional Liability Insurance is provided to health care professionals who act as event volunteers to the USA Swimming team at the request of the National Team or upon application to USA Swimming. LIne 4d, program service ------------------------ Sport Development: In 2024, Sport Development again increased the scope of community impact and opportunities in the sport by providing Community Impact Grants to thirty USA Swimming Clubs across the country to expand access to competitive swimming programs in communities that have traditionally lacked access. In addition, we have strengthened our Community Swim Team program partnerships with Los Angeles and Chicago. The LA team in its first year has over 700 children on the team, and Chicago has grown to 1700 athletes from 1400 the previous membership year. USA Swimming launched the new USA Swimming University online coach education platform and Coach Certification program in 2022. In 2024, we extended course offerings to officials to create a uniform standard for training new starters, referees, and other meet officials. This has led to a 5% growth in our officiating ranks which in turn will create more competitive opportunities for children participating in the sport. USA Swimming again provided in-person camp opportunities to athletes and coaches attending National Diversity Select Camps, Zone Select Camps (2), These camps provide comprehensive learning and development opportunities for promising athletes (180) and coaches (80) preparing them for potential future National Junior Teams and National Teams. Our Team Services group continues to provide support for clubs on business operations, governance, performance, athlete development, and membership support. The team has continued to offer, and increased member engagement, with four successful coach development networks- High Performance, Senior Athlete, 11-14 Athlete Development, and the 10 and under network. We also completed year one of our New Club Success program to support new clubs in their first three years of existence to ensure their success and that in turn provides new opportunities for families to join and have a positive experience in the sport. We also launched a new pilot program to increase access to competition and lower cost and time commitment to participate called Block Party.

Financial Efficiency

• Mission deployment rate: 78.7%; rating input score 79
• Program expense ratio: 83.5%; rating input score 83
• Fundraising efficiency: $28.02 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 92.7%; rating input score 93; 22nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.8%; rating input score 62; 62nd percentile among comparable filings
• Total-asset coverage ratio: 1.16; rating input score 41; 41st percentile among comparable filings
• Liabilities to assets ratio: 0.47; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 9%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: 0.9% per year; rating input score 100; 14th percentile among comparable filings
• Revenue growth: 2.8% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 2.6% per year; rating input score 100; 21st percentile among comparable filings